This is a Bulletin for experienced stock investors who like to trade stocks or options over the short-term: a few days or weeks. Buy-and-hold investors can use some of these ideas to buy stocks, but please ignore any discussions about price resistance, since it is not your intention to be doing short-term trading. I cannot give detailed guidance to options traders regarding strike prices and expiration dates.
I noticed on Friday, April 17 that my stocks that went up the most were largely small-cap and micro-cap stocks. Then I looked at their price charts, and many of them appeared immediately ready to break out of trading ranges, or had just begun new run-ups. Additionally, the Russell 2000 index rose significantly more than the S&P 500 and Dow Jones indexes rose that day.
News events this week that could affect share prices:
April 21 pm: Netflix (NFLX) first quarter earnings report
April 22 am: Baker Hughes (BKR) first quarter earnings report
April 22 pm: LRCX third quarter earnings report
April 23 am: GTLS first quarter earnings report
Stocks that have just begun new run-ups (with short-term price targets):
Adobe Systems (ADBE) 362
Stocks that appear ready for imminent new run-ups (with short-term price targets):
Brunswick (BC) resistance at 45 and again at 55
FedEx (FDX) 140-145
Tyson Foods (TSN) 70
Stocks that are approaching price resistance:
Advanced Micro Devices (ADM) 58-59 resistance
Alexion Pharmaceuticals (ALXN) just blew past short-term resistance at 105, and is rising toward more significant resistance at 115.
Sanderson Farms (SAFM) 135-140